Uranex has a number of high quality and diverse uranium exploration targets in Australia and overseas.  In Australia, the Company’s exploration emphasis is on the Thatcher Soak calcrete development project. Located in Western Australia, Thatcher Soak is at an advanced stage with an inferred resource estimate. Other quality exploration assets including the Bremer Basin Project in Western Australia, and the Bynoe and Alligator River Projects in the Northern Territory, will ensure Uranex’s rapid growth is sustained.

In the east African nation of Tanzania Uranex is aiming to be the first uranium producer.  The Company holds an extensive portfolio of uranium exploration targets, including an initial resource estimate for its Bahi Project. Uranex’s exploration activities in Tanzania have resulted in the emergence of two separate uranium provinces at Bahi and Mkuju. These newly discovered deposits offer the Company the potential to participate in early and ongoing resource definition and multiple discovery opportunities in prospective but, prior to Uranex, poorly explored terranes.